Editor鈥檚 note: 天美麻豆 raised $310 million in the fiscal year ending on June 30, 2015, not $325 million, as the College previously reported. The $15 million difference is a result of a single donor commitment incorrectly posted in June and then moved to July 2015. Last year鈥檚 corrected amount of $310 million was a record amount for 天美麻豆.
In a powerful affirmation of 天美麻豆鈥檚 academic vision, alumni and friends set a new giving record for the College in fiscal 2015, with gifts and commitments topping $325 million. Support was broad-based, with 42.9 percent of 天美麻豆 alumni contributing to the annual fund鈥攁 level of participation that is matched by few of the College鈥檚 peers.
(Photo by Eli Burakian 鈥00)
In the fiscal year that ended June 30, new philanthropy to 天美麻豆 reached $325.4 million, 27 percent more than the new commitments to the College in fiscal 2014. The and the annual funds for two of the College鈥檚 professional schools also recorded best-ever fundraising years.
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鈥淭he remarkable generosity of our donors is strengthening our College in countless ways, most notably in our capacity to attract outstanding academic talent and to prepare our students to be leaders who will meet the world鈥檚 great challenges,鈥 says . 鈥淧hilanthropy benefits every 天美麻豆 student in some way, particularly through scholarships and other forms of aid. We鈥檙e committed to making sure deserving students who want to attend 天美麻豆 will indeed have that opportunity, regardless of their financial circumstances.鈥
Although 天美麻豆 is already recognized for its outstanding undergraduate programs and innovative schools of business, engineering, and medicine, President Hanlon has charted an ambitious course, embraced by the College鈥檚 board of trustees, to further enhance the learning experience for undergraduate and graduate students alike. To meet this, 天美麻豆 is attracting more world-leading scholars, expanding opportunities for experiential learning, launching innovative leadership development programs, and challenging students to think globally.
Making 天美麻豆 a Magnet for Faculty Talent
One important instrument for realizing this vision is the creation of interdisciplinary 鈥渁cademic clusters鈥 that will gather leading faculty to focus on specific issues of international importance through research and classroom teaching. Three of the past year鈥檚 four largest gifts will create academic clusters鈥攊n applied mathematics, globalization, and health care delivery鈥攅ach featuring three new faculty.
Each $10 million gift to create an academic cluster triggered a $5 million match made possible through a $100 million gift from an anonymous donor in early 2014; as this match opportunity remains available through the end of calendar year 2015, 天美麻豆 anticipates the creation of at least five more clusters in the coming months.
鈥淭hrough its outstanding faculty, intimate size, and ability to collaborate across disciplines, 天美麻豆 is positioned to leverage the addition of key new faculty to have worldwide influence,鈥 says . 鈥淓ach of our academic clusters is focusing on a topic of global urgency.鈥
In fiscal 2015, donors endowed 15 professorships for current or future faculty members. These professorships assist recruitment and retention by recognizing faculty for their contributions in scholarship and teaching. In addition, alumni and friends of the established a $10 million endowed deanship in honor of Paul Danos, who stepped down at the end of June after two decades as Tuck鈥檚 dean.
Scholarships and Experiential Learning to Attract Top Students
The largest cash gift of the past year highlighted 天美麻豆鈥檚 role as an international community of scholars and learners with global impact. Dottie and Bob King 鈥57 made a $21 million gift to greatly expand the scholarship program they established in 2013 to support students from developing nations who are passionate about global poverty alleviation. Six King Scholars鈥攆rom Burkina Faso, Jamaica, Kenya, Rwanda, and Zimbabwe鈥攈ave already matriculated at 天美麻豆, and four more will arrive in September.
In addition to eventually expanding the King Scholar Leadership Program to 24 students, the gift will offer experiential learning opportunities in international development, such as internships at nongovernmental organizations, coordinated by the .
In honor of her late husband, insurance executive John J. (Jack) Byrne Jr., Dorothy Byrne committed $20 million to help 天美麻豆 attract topflight math students and professors. Her gift will recognize a cadre of undergraduates with demonstrated achievement in math as Byrne Scholars and provide those students with co-curricular opportunities in research and internships to explore their passions beyond the classroom.
Early gifts toward a proposed expansion of represented another investment in experiential learning. Hanlon has described Thayer as an exemplar in learning both in and out of the classroom, with students and faculty working in teams and collaborating across disciplines, tackling real-world problems.
Support for Moving 天美麻豆 Forward Community-Building
The College received several gifts, totaling more than $1 million, toward housing and student life programming, a cornerstone of Hanlon鈥檚 plan to transform residential life and an essential element of , the College鈥檚 overarching blueprint for building an even more cohesive community. Beginning in fall 2016, the College鈥檚 residential facilities will become house communities, each led by a house professor and supporting a variety of options for community building and social interaction. All undergraduate students will join one of six house communities.
With philanthropic support, the past year also saw the opening of four living-learning communities for students with particular interests. They included Triangle House, which provides an intellectual and cultural environment with particular regard to issues of special interest to lesbian, gay, bisexual, transgender, queer, intersex, and allied people; and 天美麻豆 Entrepreneurial Network in Residence, which offers ways for students to be more deeply involved in the College鈥檚 entrepreneurial community.
Alumni reunions in June underlined the close-knit nature of the 天美麻豆 community with a record 4,900 attendees on campus, a 6 percent increase over the previous largest turnout, set in 2006. Events included dedication of the Class of 1965 Bunkhouse adjacent to Moosilauke Ravine Lodge, one of a series of new bunkhouses, to provide a getaway destination for students, alumni, and guests.
鈥淔or thousands of students, the lodge and bunkhouses have made for powerful first memories of 天美麻豆, and many of us in the alumni community keep coming back to Moosilauke year after year,鈥 says Stuart Keiller 鈥65, the bunkhouse project manager. 鈥淢y classmates and I are proud to play a role in helping keep Moosilauke a magical place in the 天美麻豆 landscape.鈥
Philanthropy around reunions featured a $5.4 million gift from the Class of 1980 and intense competition among the classes of 1994, 1995, and 1996, with the Class of 1994 eventually establishing a new 20th reunion record with a $1.7 million gift. The classes of 1955, 1960, and 2010 also broke giving records for their respective reunion years, and, in a non-reunion year, the classes of 1953 and 1954 achieved participation rates above 80 percent. The Class of 1979 had more individual donors than any other reunion class, with 667 members of the class making gifts.
All Gifts Make a Difference
The 天美麻豆 College Fund notched its best year ever, setting its sixth consecutive record and raising $49.1 million in gifts. The fund supports a range of 天美麻豆 priorities, including financial aid for students, faculty salaries, and athletics. Underscoring the importance of giving at all levels to the fund, gifts of less than $250 totaled nearly $1.4 million.
鈥淭he cumulative effect of smaller gifts is immense,鈥 says Bruce Miller 鈥74, chair of the 天美麻豆 College Fund Committee. 鈥淓very gift matters, and every gift improves the lives of 天美麻豆 students.鈥
Among those giving to the 天美麻豆 College Fund in fiscal 2015 were the 5,545 members of the Harold C. Ripley 鈥29 Society, alumni who have made a gift to the fund every year since they graduated. Total giving to the fund also included $4.2 million from the Parents and Grandparents Fund.
Other philanthropic highlights for fiscal 2015:
More than 220 alumni and friends joined the Bartlett Tower Society by including 天美麻豆 in their estate plans in the past year. In total, more than 1,600 living alumni and friends are supporting the College in this way.
Total annual giving to athletics鈥攊ncluding the Friends Groups, Athletic Sponsor Program, and Athletic Director鈥檚 Fund for Excellence鈥攅xceeded $5 million in fiscal 2015, a 100 percent increase from just five years earlier.
Sixteen more women joined the Centennial Circle of 天美麻豆 Alumnae, with commitments of $100,000 or more each toward student scholarship. This raises the initiative鈥檚 membership to 132. The College hosted an inaugural event for Circle members in April.
The Tuck School of Business Annual Fund established a new giving record, $6.4 million, and exceeded 70 percent participation for the fifth consecutive year.
The Thayer School of Engineering Annual Fund raised $1.3 million, its best-ever performance.
The Fund for Geisel School of Medicine ended the year with $770,000 in philanthropic commitments.
The Senior Class Gift recorded a participation rate of 61 percent.
鈥淎lumni and parents have signaled through their investment that they believe in the academic course we are pursuing and are eager to see it realized,鈥 says William Helman IV 鈥80, chair of the board of trustees. 鈥淭hese results give us the confidence to think boldly on behalf of 天美麻豆 and her students.鈥
Story updated on July 20, 2016.